News & Analysis as of

Regulation S-P

Ropes & Gray LLP

On the Seventh Day of Data… The Growing Pains of Regulation S-P in 2025

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Financial regulators including the Securities and Exchange Commission (“SEC”) continued to focus on data protection and cybersecurity issues throughout 2025....more

Seward & Kissel LLP

The ‘40 Act Blog Top 10 of 2025

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In 2025, the SEC rolled out key regulatory changes and enforcement actions impacting investment advisers and registered funds. We tracked these developments on the ‘40 Act Blog—here are the 10 posts that captured the most...more

Lowenstein Sandler LLP

SEC Brings Cybersecurity and Identity Theft Controls Case Against Registered Investment Adviser and Broker-Dealer

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On Nov. 25, the Securities and Exchange Commission (SEC) announced a settlement with a registered investment adviser (RIA) and broker-dealer (the Adviser) for violations of Regulation S-P and Regulation S-ID. Regulation...more

Katten Muchin Rosenman LLP

New SEC Cybersecurity Rules Begin to Take Effect

On May 16, 2024, the Securities and Exchange Commission (SEC) unanimously approved amendments to Regulation S-P, which imposes new rules relating to cybersecurity breaches involving investment advisers and broker-dealers....more

Foley & Lardner LLP

Amended Regulation S-P: Here to Stay and Being Examined in 2026

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Last month, the U.S. Securities and Exchange Commission (SEC) Division of Examinations released its Fiscal Year 2026 “Examination Priorities.” In this year’s release, the SEC announced that it will begin examining covered...more

Procopio, Cory, Hargreaves & Savitch LLP

What to Expect from the SEC’s Examination Focus in 2026

It’s that time again for investment advisers, broker-dealers, fund managers and other financial professionals to prepare for the U.S. Securities and Exchange Commission’s (SEC) continued focus on certain topics in...more

Cadwalader, Wickersham & Taft LLP

When Privacy Rules Meet Fund Finance, December 2025 - The New Regulation S-P Amendments and What They Mean for Lenders in Fund...

The SEC's 2024 amendments to Regulation S-P introduce the most comprehensive update to federal privacy and data security standards for SEC-regulated institutions since the rule was adopted. While the amendments are directed...more

Sheppard Mullin Richter & Hampton LLP

SEC Releases 2026 Examination Priorities Highlighting Compliance, Information Security, and Emerging Technology

On November 17, 2025, the SEC’s Division of Examinations released its examination priorities for fiscal year 2026, identifying areas the agency alleges present heightened compliance and investor protection risks under the...more

Tannenbaum Helpern Syracuse & Hirschtritt LLP

SEC 2026 Exam Priorities and Considerations

On November 17, 2025, the Securities and Exchange Commission’s (the “SEC”) Division of Examinations (the “Division”) published its examination priorities for 2026 (the “Priorities”)....more

Patterson Belknap Webb & Tyler LLP

SEC Division of Examinations Announces 2026 Priorities

On November 17, 2025, the Securities and Exchange Commission (“SEC”)’s Division of Examinations (the “Division”) released its 2026 examination priorities that highlight examination topics that the Division plans to focus on...more

Eversheds Sutherland (US) LLP

Dual registrant regulatory roundup - December 2025

Welcome to the Regulatory Roundup. Each month, Eversheds Sutherland Investment Services attorneys review significant regulatory developments (including notable rulemakings and guidance from securities regulators) from the...more

Paul Hastings LLP

Deadline to Comply With Regulation S-P Amendments Is Here for Larger Entities

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The deadline for “Larger Entities” to comply with the new data privacy and security requirements in the amendments to Regulation S-P is December 3, 2025. As we have detailed previously, the U.S. Securities and Exchange...more

Tonkon Torp LLP

Compliance with Regulation S-P Amendments Required by December 3, 2025

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In May 2024, the Securities and Exchange Commission (SEC) adopted significant amendments to Regulation S-P (the “Amendments”). These Amendments expand requirements related to safeguarding customer information, incident...more

Troutman Pepper Locke

SEC Division of Examination Announces Fiscal Year 2026 Priorities

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On November 17, 2025, the Securities and Exchange Commission’s (SEC) Division of Examination announced its fiscal year (FY) 2026 examination priorities. The most significant changes to the division’s priorities from FY 2025...more

Paul Hastings LLP

SEC Division of Examinations Announces 2026 Priorities

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The Securities and Exchange Commission’s Division of Examinations (the Division) recently released its 2026 examination priorities. In addition to continuing its longstanding focus on alternative investments, conflicts of...more

Carlton Fields

2026 Exam Priorities Remain Focused on Core Issues

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On November 17, 2025, the U.S. Securities and Exchange Commission’s Division of Examinations (Division) released its annual examination priorities for fiscal year 2026 (Exam Priorities). The Division develops its...more

Akin Gump Strauss Hauer & Feld LLP

SEC Announces 2026 Exam Priorities

On November 17, the SEC Division of Examinations (the “Division”) released its 2026 Fiscal Year Examination Priorities (the “2026 Priorities”)—the first announcement of exam priorities under Chairman Paul S. Atkins. In...more

Katten Muchin Rosenman LLP

SEC Division of Examinations Releases Its 2026 Examination Priorities - A Return to Core Principles, with a Cooperative Tone

Delayed slightly by the recent government shutdown, the Division of Examinations (the Division) of the Securities and Exchange Commission (SEC) recently published its fiscal year 2026 examination priorities (the...more

Proskauer Rose LLP

Reminder: Compliance with Amendments to Regulation S-P is Required as of December 3, 2025

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In May 2024, the Securities and Exchange Commission (the “SEC”) adopted amendments to Regulation S-P (the “Amendments”). Compliance with the Amendments is set to become mandatory on December 3, 2025 for most entities covered...more

Stark & Stark

SEC Announces 2026 Exam Priorities: What Every Adviser Needs to Know

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The U.S. Securities and Exchange Commission (the “SEC”) Division of Examinations (the “Division”) released its 2026 examination priorities, giving financial institutions, including investment advisers, guidance on what to...more

Seward & Kissel LLP

Key Takeaways from Seward & Kissel’s Eleventh Annual Private Funds Forum

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Recently, Seward & Kissel held its annual Private Funds Forum, where our panelists discussed the latest trends impacting the private funds community. ...more

DLA Piper

IMpact: Investment Management News - Q4 2025

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Welcome to IMpact: Investment Management News. In this regular bulletin, DLA Piper lawyers share their insights on key developments that are impacting the investment management industry....more

Ropes & Gray LLP

Ropes & Gray’s Investment Management Update September – October 2025

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The following summarizes recent legal developments of note affecting the investment management industry: On September 30, 2025, the SEC Division of Investment Management (the “Division”) issued a no-action letter permitting...more

Shumaker, Loop & Kendrick, LLP

Client Alert: Regulation S-P Deadline: RIAs Must Finalize Incident Response Programs

The U.S. Securities and Exchange Commission's (SEC's) May 2024 amendments to Regulation S-P established concrete, near-term compliance deadlines for registered investment advisers (RIAs) to adopt, implement, and maintain...more

Goodwin

Approaching Effective Date for Regulation S-P Amendments: What Businesses Need to Know

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On May 16, 2024, the Securities and Exchange Commission (“SEC”) adopted amendments (the “Amendments”) to modernize Regulation S-P (“Reg S-P”). The Amendments include substantially expanded requirements for safeguarding...more

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